Heavy Construction Equipment Market Trends

Heavy Construction Equipment Market Drivers

An increasing need for construction techniques equipment

• More technologically advanced and fuel-efficient construction equipment is in high demand with customers all over the world. Advanced and modern machinery reduces labor costs, enhances tracking of tasks accomplished at each stage of the process, and lowers operational costs. By providing new products, services, and solutions that utilize information and communication technology (ICT) and the internet of things (IoT) technologies, market participants want to expand the reach of their companies.

Steady investment in the infrastructure sector

• Over the forecast period, growth is expected to be driven by higher infrastructure investment. A rise in construction activities will likely lead to a significant demand for heavy-duty construction equipment from the infrastructure sector.

Heavy Construction Equipment Market Restraints

Negative impact on the environment

• Poor air quality is a result of heavy equipment becoming a major source of ozone emissions. The emissions from this equipment, which also include nitrogen oxides, volatile organic compounds, and carbon monoxide, have a negative impact on the environment and create an environmental imbalance among urban and rural areas. Additionally, a large source of ozone emissions comes from mining equipment running at mining sites.